Switzerland will release their currency reserves data tomorrow morning, which could give us some insight as to whether they have been proactively protecting the peg above the 1.2000 level.The data us set for release at 7:00 GMT.
We’ll also get Swiss inflation data, or in this case, disinflation data, when viewed on a year over year basis. The Bloomberg consensus is for a 0.4% rise in CPI on a m/m basis but a 1.1% decline on a y/y basis. CPI is due at 7:15 GMT.
A sharper decline in inflation could prompt the SNB to make a more proactive stance on weakening the franc to avoid tumbling into deflation.
